Qatar foreign merchandise trade surplus surges 77.8% y-o-y in June

The international merchandise commerce steadiness, which represents the distinction between whole exports and imports, confirmed a surplus of QR30.2bn in June 2022, ie a rise of about QR13.2bn or 77.8% in comparison with June 2021, and reduce by practically QR4.1bn 11.9% in comparison with Might 2022.
In an announcement, the Planning and Statistics Authority mentioned that in June 2022, the whole exports of products (together with exports of products of home origin and re-exports) amounted to round QR39.5bn, displaying a rise of 56.2% in comparison with June 2021, and a lower of 8.2% in comparison with Might 2022.
On different hand, the imports of products in June 2022 amounted to round QR9.3bn, displaying a rise of 12.1% in comparison with June 2021 a rise of 6.4% in comparison with Might 2022.
The year-on-year (June 2022 vs June 2021) improve in whole exports was primarily on account of increased exports of Petroleum gases and different gaseous hydrocarbons (LNG, condensates, propane, butane, and so on) reaching QR23.3bn (roughly) in June 2022, ie a rise of 64.6%, petroleum oils & oils from bituminous minerals (crude) reaching QR6.5bn practically, improve by 47.6%.
In June 2022, China was on the prime of the international locations of vacation spot of Qatar’s exports with near QR6.0bn, a share of 15.2 % of whole exports, adopted by India with nearly QR 4.2bn and a share of 10.6%, South Korea with about QR4.1bn, a share of 10.5 %.
The year-on-year (June 2022 vs June 2021), the group of “Turbojets, Turbopropellers & Different Gasoline Generators; Components Thereof ” was on the prime of the imported group of commodities, with QR0.4bn, displaying a lower of 51.1%.
In second place was “Motor Automobiles & Different Motor Autos for The Transport of Individuals” with QR0.34bn, displaying a lower of 6.4% and in third place was “Electrical Equipment for Line Telephony/Telegraphy, Phone Units And so on; Components Thereof ” with QR0.31bn, improve of 37.9%.
In June 2022, China was the main nation of origin of Qatar’s imports with about QR1.6bn, a share of 17.1% of the imports, adopted by United State of America with QR1.2bn nearly, a share of 12.7%, and India with QR0.6bn, a share of 6.7%.